China's new tax cut policies saved 524.5 billion yuan (around $76 billion) for businesses and individuals in the first four months of this year, official data showed Thursday.
As the US has recently tightened the screws on tariffs and as talk of a "tech cold war" looms, the prospect of an agreement between China and the US appears gloomier.
Russia and China could establish a free trade zone (FTZ) of a limited size in the initial phase, as an answer to a rising tide of protectionism around the world, Chinese analysts said on Wednesday.
Indian Prime Minister Narendra Modi's thumping victory on May 23 reflects the power of nationalism in an ascendant nation. Such a sentiment led voters to re-elect Modi and vest their future in him.
The escalating China-US trade friction is unprecedented in the history of bilateral relations. True, when trade begins, trade friction begins, too. And the history of China-US relations since the establishment of diplomatic relations in 1979 has been a history of bilateral trade frictions. But the trade frictions in the 1980s were relatively small and less damaging.
The United States, while urging other countries to join sanctions against Huawei, is dividing the global community. As a result, the rest of the world unwittingly has become a hostage to the situation, and many American partners find themselves in an uncomfortable position.
The escalating US-China trade war has affected many other countries, including Vietnam, said Prof. Liu Ying of the Chongyang Institute for Financial Studies under the Renmin University of China.
The United States, while urging other countries to join sanctions against Huawei, is dividing the global community. As a result, the rest of the world unwittingly has become a hostage to the situation, and many American partners find themselves in an uncomfortable position.
With China-US trade negotiations suffering a new setback, international public opinion is increasingly pessimistic about the prospect of the two countries reaching an agreement and concluding the trade war. The Trump administration has not only decided to raise tariffs on about $200 billion worth of Chinese exports from 10 percent to 25 percent, but is also preparing to impose a 25-percent tariff on another $320 billion worth of goods. The Chinese side has announced it will take necessary retaliatory measures in response. Chinese official media outlets, such as the People's Daily, have published a series of articles, emphasizing that China is not afraid of US pressure, and will fight till the end if the US wants to continue the trade war. Beijing's rseponse was tougher than expected.
When thinking of Macao, many people still have the impression of "Las Vegas of Asia", but ignore its diversity as a special administrative region of China.
China-Pakistan cooperation in the next phase will focus more on benefiting people through local projects that improve livelihood along the China-Pakistan Economic Corridor (CPEC), Chinese experts said on Monday as Chinese Vice President Wang Qishan was visiting Pakistan and the two countries boosted their cooperation on multiple projects.
China should apply what it has learned from 40 years of reform and opening-up so that it can successfully overcome the present challenges
As his trip to Tibet ended Saturday, US Ambassador to China Terry Branstad made unconstructive remarks that interfered with China's internal affairs, Chinese observers noted Sunday, saying that the US is blind to the successful development of the region.
The US recently acted unilaterally to impose tariffs on Chinese exports. The international community generally believes that imposing tariffs will not solve problems and will have a negative impact on the world economy.
In addition to announcing a 25-percent tariff on almost all Chinese exports to the U.S., Washington has gone all out to campaign against China's Huawei and tried to cut off U.S. companies' supply of high-tech products to China.
As a midsize European country, Italy is keeping a subtle balance between the European Union and China since its signing of a memorandum of understanding on joining Beijing’s Belt and Road Initiative (BRI). Understandably, this member of the G-7 might bear a great amount of multidimensional pressure and skepticism from outside due to the divided interpretations of the BRI within Europe, as well as the fact that Italy’s participation could somehow dilute the U.S. influence in the region.
Economics observers always doubt the development of Dubai. They would keep asking questions about sustainability, even though the most open and prospering city in the Middle East, which has used energy to continue developing, has showcased strong momentum for development.
The Chinese monetary authority is prepared to counter shocks disturbing the domestic financial market amid trade tensions, as central bank officials expressed their confidence to stabilize market sentiment on Friday.
China's largest drone-maker DJI said on Tuesday its customers have full and complete control over how their data is collected, stored and transmitted, in response to US government accusations of the company sending sensitive data to China.
China's largest drone-maker DJI said on Tuesday its customers have full and complete control over how their data is collected, stored and transmitted, in response to US government accusations of the company sending sensitive data to China.